Home » Money out of China

Money out of China

by admin
Money out of China

Pfa, the main Danish pension fund, has decided to sell its shares in the capital of two Chinese clothing companies, Anta Sports and Li Ning, and is considering divesting itself of all investments in China due to the growing risk geopolitical link to the Asian country, he writes Bloomberg Businessweek. Behind the decision there is the suspicion that the two companies exploit the forced labor to which the Uyghurs are subjected, an Islamic minority in the province of Xinjang persecuted by Beijing. China is accused of holding more than a million Uyghurs and other minorities in re-education camps. For the same reason, Li Ning was excluded from the portfolio of Norway’s sovereign wealth fund in 2021.

See also  Accident on the stage of the Bolshoi, performer dies

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy